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Turkish long steel producer Koc Metallurgy is accelerating the modernization of its production lines, planning to improve production efficiency and competitiveness by introducing Chinese equipment. B27R080 GO Silicon steel sheets, The company recently announced that it has signed a $3.5 million contract with Harbin Guangwang Company of China for the purchase of a continuous casting machine. The equipment is expected to be delivered and put into operation within seven months.
The continuous casting machine will be installed at the company's steel plant in Osmaniye, Hatay Province, and is an important part of its overall technological upgrade and capacity expansion plan. B27R080 GO Silicon steel sheets, Koc Metallurgy stated that this purchase will help improve the steel plant's capacity utilization, optimize production processes, and drive revenue and profitability growth in the long term.
It is understood that the company is implementing a phased production line modernization project to cope with the current market environment of weak demand and intensified competition. B27R080 GO Silicon steel sheets, In addition to this equipment purchase, Koc Metallurgy also signed new supply agreements earlier this year for the construction of new wire rod and rebar production facilities. Upon completion of the project, the company's long product rolling capacity will increase from the current 500,000 tons per year to 1.4 million tons per year, while liquid steel production capacity will remain at 1.1 million tons per year.
Currently, the Turkish long steel market remains in a low-activity phase. Rebar export prices are holding at $540 per ton FOB, with limited demand and tight profit margins for both buyers and sellers. According to Mysteel, the price difference between rebar and imported scrap steel was $190 per ton on October 29th, close to the typical break-even range for steel mills ($180-200 per ton).
Industry insiders believe that although Koc Metallurgy's investment comes during a period of market weakness, it reflects the trend of Turkish steel mills responding to low-profit cycles in the industry by upgrading equipment and improving efficiency. With the completion of the new production line, the company's long product production capacity will significantly increase, and it is expected to gain a larger market share when demand recovers in the future.
